Arista Networks (ANET) Receives News Impact Score of 0.09

News stories about Arista Networks (NYSE:ANET) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Arista Networks earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.9849552356155 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:

NYSE:ANET traded down $0.02 during mid-day trading on Thursday, reaching $281.12. The stock had a trading volume of 761,315 shares, compared to its average volume of 1,154,124. The company has a market capitalization of $20.21 billion, a price-to-earnings ratio of 60.46, a PEG ratio of 2.03 and a beta of 1.46. Arista Networks has a one year low of $141.78 and a one year high of $311.67. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.20 and a quick ratio of 4.61.

Arista Networks (NYSE:ANET) last released its earnings results on Thursday, May 3rd. The technology company reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.20. The company had revenue of $472.49 million during the quarter, compared to the consensus estimate of $462.11 million. Arista Networks had a return on equity of 27.23% and a net margin of 27.19%. sell-side analysts anticipate that Arista Networks will post 6.33 EPS for the current year.

Several equities research analysts recently weighed in on the company. ValuEngine lowered Arista Networks from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Cleveland Research lowered Arista Networks from a “buy” rating to a “hold” rating in a report on Friday, April 13th. Citigroup lifted their price objective on Arista Networks from $315.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 9th. Deutsche Bank reissued a “sell” rating and issued a $180.00 price objective (down previously from $195.00) on shares of Arista Networks in a report on Friday, May 4th. Finally, Needham & Company LLC lifted their price objective on Arista Networks from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $265.42.

In other Arista Networks news, SVP Marc Taxay sold 2,000 shares of Arista Networks stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $262.03, for a total value of $524,060.00. Following the transaction, the senior vice president now directly owns 13,885 shares of the company’s stock, valued at approximately $3,638,286.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andreas Bechtolsheim sold 50,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $278.74, for a total value of $13,937,000.00. Following the completion of the transaction, the insider now directly owns 16,772 shares in the company, valued at $4,675,027.28. The disclosure for this sale can be found here. Insiders sold a total of 137,854 shares of company stock valued at $37,802,396 in the last 90 days. 24.95% of the stock is currently owned by corporate insiders.

Arista Networks Company Profile

Arista Networks, Inc provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of its extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

Insider Buying and Selling by Quarter for Arista Networks (NYSE:ANET)

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